Originally Posted by
captjns
It goes way beyond the $90 a barrel, or American Airlines flying into STN....
it was just poor global management decisions.
EOS is in the same niche as M/J... and they are still growing.
I think this is a good thing for EOS (Maxjet going under), one less competitor and I don't think they'll be the next or even one of the next 5 carriers that get hurt by oil prices but I don't know of any airline that has their business model built on $100 oil...sure FedEx and UPS will make $$$ even at that price but who else is going to make enough to give their 767 capts the $200+/hr they enjoyed pre 9/11? You can't make bad decisions with oil this high, there is NO room for error. Didn't Big Sky just pull out of the east coast? Is oil hurting even the B-1900 operators?
Once again, crappy timing and I wish all the best to everyone at Maxjet.